Prysmian Group and Nanocomp Technologies sign technology cooperation agreement

Prysmian Group, world leader in the energy and telecom cable systems industry, and Nanocomp Technologies Inc., a world-leading U.S. company specialised in the production of carbon nanotube-based products and materials, have signed a technology cooperation agreement aimed at testing and improving the use of these technologies in power transmission, power distribution, telecom networks, control and instrumentation applications.

The firmshave also agreed to evaluate, at a later stage of the project, whether to commence large-scale production of products and technologies developed as part of this research. The interest of the two companies is driven by the high potential offered by Nanocomp’s Miralon®carbon nanotube’s intrinsic characteristics in terms of mechanical resistance, low weight, chemical inertness, very high degree of flexibility, and electrical and heat conductivity.

Partnerships with universities around the world and advanced research centres are key to Prysmian’s R&D activities. By signing this agreement, the Group confirms its focus on innovation, centred not only on the development and improvement of its core business, but also on new technologies and materials, enabling ground-breaking achievements in rapidly expanding market segments.

“We are thrilled to be partnering with Prysmian, one of the world’s largest suppliers of wires, cable and connectivity systems. This partnership will enable Nanocomp to reach some previously inaccessible large value-added markets through Prysmian’s world-wide reach. Being recognized by Prysmian for our product and technology innovation reinforces Nanocomp’s leadership in advanced materials. “  – Peter Antoinette, president and CEO of Nanocomp Technologies.